"Amalfi's proprietary RF and mixed-signal expertise in RF CMOS are a great fit for RFMD and a strong addition to our long-term technology strategy," said Bob Bruggeworth, president and CEO of RFMD, in a statement. "RFMD gives Amalfi the global presence, market credibility, manufacturing scale and blue—chip customer access to take their business to the next phase of growth."

Under the terms of the deal, RFMD will acquire Amalfi with cash on hand for total consideration of about $47.5 million, net of cash received, RFMD said. The firm said it expects to achieve immediate product and cost synergies and anticipates that transaction will be accretive to RFMD's financial statements within two quarters.

"The addition of Amalfi's RF CMOS PA technology with RFMD's market leadership and significant resources is a powerful combination, said Mark Foley, CEO and president of Amalfi. "We expect the acquisition will accelerate the delivery of new disruptive RF CMOS power amplifiers to the cost-driven entry-level smartphone market."Related stories:

ARM released a statement today:
CAMBRIDGE UK - 6 November 2012 - ARM [(LSE: ARM); (NASDAQ: ARMH)] today announced that it is a leading member of Bridge Crossing LLC, a consortium of major technology companies affiliated with Allied Security Trust, which has entered into an agreement with MIPS to obtain rights to its patent portfolio. The MIPS patent portfolio includes 580 patents and patent applications covering microprocessor design, system-on-chip design and other related technology fields.
Imagination released a separate announcement today:
Imagination Technologies Group plc (LSE:IMG, "Imagination"), a leading multimedia, communications and embedded processor technology company, has signed an agreement to acquire the operating business and certain patent properties, as well as license rights to all of the remaining patent properties, of MIPS Technologies, Inc. ("MIPS"), a leading provider of CPU (central processing unit) processor architectures and cores, for a cash consideration of US$60 million.
In addition to the operating business of MIPS, Imagination’s purchase includes ownership of 82 key patent properties (the “Retained Patent Properties”) that are directly relevant to the MIPS® architecture, and comprehensive license rights to all of the remaining 498 MIPS’ patent properties (the “Divested Patent Properties”). In a separate transaction, the Divested Patent Properties are being sold to Bridge Crossing LLC, by MIPS for US$350 million.